Analyst Chen Shu: 2.8 Afternoon Bitcoin and Ethereum Market Strategy
The daily bearish trend is obvious; continue to rebound and short.
The analysis from the afternoon article on 2.7 provided a short strategy for Bitcoin and Ethereum. Bitcoin suggested a short position at 9.78/9.9, while Ethereum suggested a short at 2750. The short positions have significantly profited since yesterday, gaining another 3000/200 points. Congratulations to those who followed the strategy. Currently, for the short-term weak pullback, please see the analysis below.
From the daily chart of Bitcoin, yesterday once again formed a long upper shadow green doji. For two consecutive days, it has formed a green doji with an upper shadow. The price has continuously attempted to break through the daily MA30/60 moving average resistance but has failed. The key short-term resistance level to watch is 9.9/100,000. On the 4-hour chart, yesterday's price tested the MA256 moving average, leaving an upper shadow, and failed to break through the MA256 moving average. The key short-term resistance remains at 9.9; maintain a bearish outlook until it breaks and stabilizes above this level.
From the daily chart of Ethereum, the price has once again moved downward, consistent with yesterday's article analysis. The price remains under pressure at the daily MA5 moving average, indicating a generally weak trend. On the 4-hour chart, yesterday's rebound failed to break and stabilize above the 4-hour MA30 moving average. The short-term resistance levels to watch are 2680/2730. Continue to treat rebounds as short opportunities.
Afternoon Trading Ideas (Written at 15:00):
BTC: Short lightly at 9.67, add to the short at 9.78 on the rebound, target at 9.6/9.5; no long positions considered for now.
ETH: Short lightly at 2680, add to the short at 2730 on the rebound, target at 2600/2550.
The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!
For real-time market strategy discussions and inquiries about market issues, you can follow me, the top-ranked personal KOL in the original (Coin World), providing free guidance and answering trading questions. Welcome everyone to communicate and exchange ideas!
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